SYS-CON MEDIA Authors: Pat Romanski, Gary Arora, Zakia Bouachraoui, Yeshim Deniz, Liz McMillan

News Feed Item

Unit4 Delivers Enterprise Scale AI-Powered Performance Management

Unit4, a world leader in enterprise software for service organizations, announces today the release of Unit4 Prevero Corporate Performance Management (CPM) with Artificial Intelligence (AI) and advanced data analytics to drive new levels of data-driven decision making for forward-looking organizations.

Boards today expect high quality analyses, suggestions, forecasts and budgets and they want them faster and more frequently. Prevero with AI takes advantage of neural networks and deep learning technology to provide business decision makers with a new source of business support. On desktops or mobile devices, exec teams and decision makers across a business will benefit from this new source of business support and ways of collaborating on common sets of meaningful data. As well as taking automation to a much higher level, effectively self-driving and freeing people to focus on more value-add work, it makes decision makers smarter, so they can take a new perspective on their business and become much more forward looking.

The use cases for this technology are many and varied. The first features to be delivered in July 2018 are:

  • AI-enhanced forecasts that apply deep learning on available actuals and other data to predict future outcomes. These forecasts deliver high quality results, recognizing patterns and non-linear trends of multiple derivatives. The process is much simpler than statistical methods – a single click instead of having to know the right function and parameters.
  • Data anomaly detection ensures the CPM system provides automatic feedback while data is input. The system automatically analyzes every entry based on available data and when it notices a conflict or a figure that seems out of place, it automatically suggests a correction. Instead of investing time and effort in the manual definition of rules, which will never cover all potential anomalies, the software does the job for you.

With massive increases in the data being generated and stored by business applications, the data sets on which machine learning algorithms can be applied has significantly expanded. The deep learning capabilities in Unit4 Prevero take advantage of relevant information and help put it into context. The system learns in a similar way to the human brain. It memorizes learnings and applies them to new inputs. Organizations benefit from a multi-layer neural network that learns by example and improves the quality of its results over time.

“Organizations are only now starting to understand the huge potential digital infrastructure, AI and deep learning technologies can offer,” said Craig Schiff, CEO of advisory firm, BPM Partners. “New digital solutions can help them to manage large amounts of data for greater business insight, and machine learning and deep learning is a natural next step to uncovering insights that can drive competitive advantage. In a few years, finance teams won’t have to spend time on transactional tasks that don’t add value. Instead they will focus on strategic priorities, supported by the data they need to make sound decisions that could change the course of business and deliver more and better opportunities for their organization.”

“AI, particularly neural networks and deep learning, is a game-changer for CPM,” said Matthias Thurner, CTO, Unit4 Prevero. “CPM is crucial today for organizations undergoing digital business transformation, where operational excellence is required across the board and change is the only constant. As organizations are redefined, we are seeing an evolution in what customers want and need from their systems: Ease of use, agility, high quality insights and rapid value-creation.”

About Unit4

Unit4 is a world leader in enterprise applications for service organizations. We provide ERP and industry-focused applications that generate rapid value in the strategic processes of organizations from sectors including professional services, education, public services, and not-for-profit. Unit4 is in business for people.

For more information please visit the website at http://www.unit4.com/about/our-company, follow us on Twitter @Unit4global, on our Google+ page or visit our LinkedIn page.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Every organization is facing their own Digital Transformation as they attempt to stay ahead of the competition, or worse, just keep up. Each new opportunity, whether embracing machine learning, IoT, or a cloud migration, seems to bring new development, deployment, and management models. The results are more diverse and federated computing models than any time in our history.
On-premise or off, you have powerful tools available to maximize the value of your infrastructure and you demand more visibility and operational control. Fortunately, data center management tools keep a vigil on memory contestation, power, thermal consumption, server health, and utilization, allowing better control no matter your cloud's shape. In this session, learn how Intel software tools enable real-time monitoring and precise management to lower operational costs and optimize infrastructure...
"Calligo is a cloud service provider with data privacy at the heart of what we do. We are a typical Infrastructure as a Service cloud provider but it's been designed around data privacy," explained Julian Box, CEO and co-founder of Calligo, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Isomorphic Software is the global leader in high-end, web-based business applications. We develop, market, and support the SmartClient & Smart GWT HTML5/Ajax platform, combining the productivity and performance of traditional desktop software with the simplicity and reach of the open web. With staff in 10 timezones, Isomorphic provides a global network of services related to our technology, with offerings ranging from turnkey application development to SLA-backed enterprise support. Leadin...
While a hybrid cloud can ease that transition, designing and deploy that hybrid cloud still offers challenges for organizations concerned about lack of available cloud skillsets within their organization. Managed service providers offer a unique opportunity to fill those gaps and get organizations of all sizes on a hybrid cloud that meets their comfort level, while delivering enhanced benefits for cost, efficiency, agility, mobility, and elasticity.
DevOps has long focused on reinventing the SDLC (e.g. with CI/CD, ARA, pipeline automation etc.), while reinvention of IT Ops has lagged. However, new approaches like Site Reliability Engineering, Observability, Containerization, Operations Analytics, and ML/AI are driving a resurgence of IT Ops. In this session our expert panel will focus on how these new ideas are [putting the Ops back in DevOps orbringing modern IT Ops to DevOps].
Darktrace is the world's leading AI company for cyber security. Created by mathematicians from the University of Cambridge, Darktrace's Enterprise Immune System is the first non-consumer application of machine learning to work at scale, across all network types, from physical, virtualized, and cloud, through to IoT and industrial control systems. Installed as a self-configuring cyber defense platform, Darktrace continuously learns what is ‘normal' for all devices and users, updating its understa...
Enterprises are striving to become digital businesses for differentiated innovation and customer-centricity. Traditionally, they focused on digitizing processes and paper workflow. To be a disruptor and compete against new players, they need to gain insight into business data and innovate at scale. Cloud and cognitive technologies can help them leverage hidden data in SAP/ERP systems to fuel their businesses to accelerate digital transformation success.
Most organizations are awash today in data and IT systems, yet they're still struggling mightily to use these invaluable assets to meet the rising demand for new digital solutions and customer experiences that drive innovation and growth. What's lacking are potent and effective ways to rapidly combine together on-premises IT and the numerous commercial clouds that the average organization has in place today into effective new business solutions.
Concerns about security, downtime and latency, budgets, and general unfamiliarity with cloud technologies continue to create hesitation for many organizations that truly need to be developing a cloud strategy. Hybrid cloud solutions are helping to elevate those concerns by enabling the combination or orchestration of two or more platforms, including on-premise infrastructure, private clouds and/or third-party, public cloud services. This gives organizations more comfort to begin their digital tr...
Keeping an application running at scale can be a daunting task. When do you need to add more capacity? Larger databases? Additional servers? These questions get harder as the complexity of your application grows. Microservice based architectures and cloud-based dynamic infrastructures are technologies that help you keep your application running with high availability, even during times of extreme scaling. But real cloud success, at scale, requires much more than a basic lift-and-shift migrati...
David Friend is the co-founder and CEO of Wasabi, the hot cloud storage company that delivers fast, low-cost, and reliable cloud storage. Prior to Wasabi, David co-founded Carbonite, one of the world's leading cloud backup companies. A successful tech entrepreneur for more than 30 years, David got his start at ARP Instruments, a manufacturer of synthesizers for rock bands, where he worked with leading musicians of the day like Stevie Wonder, Pete Townsend of The Who, and Led Zeppelin. David has ...
Darktrace is the world's leading AI company for cyber security. Created by mathematicians from the University of Cambridge, Darktrace's Enterprise Immune System is the first non-consumer application of machine learning to work at scale, across all network types, from physical, virtualized, and cloud, through to IoT and industrial control systems. Installed as a self-configuring cyber defense platform, Darktrace continuously learns what is ‘normal' for all devices and users, updating its understa...
Dion Hinchcliffe is an internationally recognized digital expert, bestselling book author, frequent keynote speaker, analyst, futurist, and transformation expert based in Washington, DC. He is currently Chief Strategy Officer at the industry-leading digital strategy and online community solutions firm, 7Summits.
Addteq is a leader in providing business solutions to Enterprise clients. Addteq has been in the business for more than 10 years. Through the use of DevOps automation, Addteq strives on creating innovative solutions to solve business processes. Clients depend on Addteq to modernize the software delivery process by providing Atlassian solutions, create custom add-ons, conduct training, offer hosting, perform DevOps services, and provide overall support services.